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tv   Countdown to the Closing Bell  FOX Business  September 7, 2012 3:00pm-4:00pm EDT

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-- right now. the markets are trying desperately to decide whether bad news is good news or whether bad news is bad news. so much so that the dow has crossed the unchanged line 80 times just today. we're getting close to it right now. dow is down just 6 points. the latest reading on jobs out today, worse than expected. job creation, yes, but 125,000 were really what was expected. 96,000 were added. the rate of people participating in the workforce versus dropping out set a 31 year low. so why isn't the market tanking? maybe they are taking bad news as good news. maybe investors are thinking this poor report could lead to more stimulus from the federal reserve next week and that is very bullish for the markets, at least it has been over the past year. let's get to intel. dow component, the biggest loser on the dow. the chipmaker cut its quarterly revenue outlook this morning, citing declining customer demand. so that stock getting hurt today. but for the week, all the major indices are in the green doing
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pretty well. small cap index, russell 2000 is the biggest winner up nearly 4% this week. while the jobs report was not stellar, obviously, it's not so bad in every city. fair and balanced, we have the mayor of the metropolitan area with the lowest unemployment rate in the united states. find out who it is and how he's doing it in a fox business exclusive. but back to this market that cannot decide whether to be up or down, let's get to the floor show right now. traders at the new york stock exchange, cme group and the nymex. it looks like a washout from the new york stock exchange, crossing 80 times the flat line, does what happens at the closing bell really matter today, versus how we trade on monday or in advance of what the fed does? >> well, it's an excellent point where you're unrscoring is the quandary that traders are in right now. they want to take it higher based upon central planning and central bank action, but then they pull away and they see notes like we got on intel today, and they worry about the
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fundamentals and the fundamentals actually support the equity prices up here. i think we'll probably run into the close and say a little flat. we will get the numbers here in about half hour. we can take a look at those now. they will truly come down to next thursday and what chairman bernanke has to say. the general consensus is that he's going to come out and extend the 0 interest rate policy up to 2015 and do a bond buying program somewhere in the 500 billion dollars range, not sure quite what that's going to do to the economy, but that's what the markets are trading off of. while equities have been relatively flat today which is really interesting to see the inflation trade creep into gold and the dollar. as you're seeing the dollar get hit pretty hard and gold is up nearly 2%. that's what we're looking at a lot today and how that will impact other items. liz: let's get to the nymex. john, $35 to the upside for gold right now. clearly this is a weaker dollar story. if there is a perception i want to let our viewers know this that the fed will drop in and prop up the markets that's very
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dollar negative. >> you are right. we as traders trade perception. we in fact don't trade reality. we trade perception. look back last week at bernanke's speech, he talked about the grave concern in the labor market. looking at the move we had in gold last friday and the non-farms data this morning. it is more than just the 96,000 jobs we saw today, it is the labor hours we saw. tenth of an hour worked less in august, and that is a big impact in terms of actual job growth. so looking at what that -- what that means, i don't see any reason why gold doesn't go back to 1800, ultimately all-time highs before the end of this year. liz: i'm glad you brought up the workweek. when the workweek increases, meaning they are putting people on overtime, if you were to translate to brand new workers that were being hired, it makes the jobs number look a lot better. but this time we saw a shrinkage there. how did that translate into the trading at the cme phil? >> well, i mean look we clearly
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saw a break on the dollar index. we saw the inflation trade back on. gold and silver were aggressively pursued. gold is up $50 from its low today. silver up over $1.60. clearly the market believes that bernanke is going to do something next week. i think at least he makes an aggressive change to some of the verbiage within the policy and then within the next few weeks he may institute something aggressively. liz: you know what? keith, tell me, yes or no, does the fed move next week? >> i say they will actually do one of two things, they will take it to the 0 interest rate policy up to 2015. i think they will actually want to get another month's worth of data before they start the bond buying program, but i think they will do a bond buying program at some point. they are bumping up against the election, but i'm not sure they care about this right now. the economy is weak and getting weaker. you cannot deny that. they will have to step in and try and do something to underpin what's happening in the economy and for asset prices as well.
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liz: one month left, if they wait this time around or they do something intrameeting. have a great weekend. thank you very much for joining us on the floor show. we got hit with weaker than expected august jobs report. we saw job creation, but it is not at all what people had hoped for or expected. so let's bring in the team to shake it down and break it down. first we start with peter barnes who is in washington. we also have rich edson at the white house. robert gray is in the newsroom. and rbc's janet engles is in the studio. but first let's start with rich. rich: revisions for the last couple of months showing 41 fewer thousand jobs created. unemployment falls to 8.1% from 8.3 but that's very much reflection of people dropping out of the labor force. the participation rate the lowest in generation at 63 1/2%.
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the reaction here at the white house, they say look you can't take one jobs number as part of a trend, even though the trend seems to be troubling over the last six months. and they say the jobs are at least positive and if congress and republicans would do more, like pass the white house jobs plan, there would be more job creation. republicans say this is not the time for more stimulus. they should pass their job proposals which are of course in conflict with one another. so from here the political gridlock continues. we're not going to get anything on jobs or fiscal cliff or anything like that until after the election. liz: the question is, it's this conundrum, do you wait one more month like keith was thinking. we get to peter barnes for the federal reserve angle on all of this. peter, just two days ago we asked our traders on the floor show what they thought would happen if we got a bad number, like we did today. here it is. >> what is the one thing that if the fed were to see it, they
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would jump in immediately with qe 3, doreen you first? >> if these unemployment numbers are really bad, they will jump right in. >> mike? >> i agree with doreen. >> if that unemployment rate gets 8.5%, guaranteed. >> it didn't get there, in fact it ticked down but the number of job creation is still pretty weak. best guess inside the beltway what the fed is going to do. >> the fed is going to pull trigger on something. it gives them more ammunition to do something next week. some of the guests on the floor show already talked about some of the options. at a minimum, the fed will likely, from the economists that i am getting notes from today, extend the forward guidance saying -- committing to keeping interest rates exceptionally low from currently through the end of 2014 now extend that into 2015, maybe even into 2016, who knows. a little bit less of a chance of qe 3 here because remember they
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are still doing operation twist right now which is a bond buying program. they are trying to extend -- go at the yield curve to longer maturities to keep long-term interest rates low and push them even lower. so they might wait another month before they do another round -- for another month of data before they pull the trigger on qe 3. liz: see that's the question in what form? but robert gray, the democrats would say we now have 20 plus months of job creation, granted not robust, pu -- but in some cases, they will take it, we will take it, but rather see it better, there's got to be growth somewhere. robert: if you look at labor force in august 08, four years later, it is exactly the same, 154.65 million. now, 368,000 people left the workforce in august, what's interesting these are people who are actively searching so you've got this three decade low participation rate which is unclear if entrepreneurs and self-employed workers who left
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their job, sort of in a gray area, they are not counted. what it is clear here going back to 1948 there's never been a period where labor force growth was flat like this before. clearly unprecedented times. liz: that's right. areas we haven't seen or gone to before. janet engles is the money equation here, with rbc wealth management. what do you think? >> couple of things from the employment standpoint we think the numbers are weak. everyone has been saying that. couple of other points to put with the employment numbers. average weekly earnings declined for the second month in a row. and that employment to population number a one year low at 58.3%. last but not least sort of a precursor of things to come, when you look at the short-term unemployed, those individuals unemployed for five weeks or less, highest number since june of 2011. clearly from an employment standpoint, we are stagnating, and i think from the fed's perspective, absolutely 100% chance that you will see an extension of the language, probably better than 70% chance
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that you will see qe 3 next -- liz: do you expect we tip over back into recession? >> no. liz: that's why we like you, quick, definitive, no for now. the closing bell ringing in 51 minutes. janet is back with us to take a look what the she calls the -- what she calls the surprise index. it could keep you from being surprised by a loss in your portfolio. you need to hear about this. of the 49 largest u.s. cities, which one do you guys think has the lowest unemployment rate? i will give you a hint. it's not las vegas. tweet us your guesses at fbn countdown and later in the show, we're speaking exclusively with that city's mayor. so take your guesses. [ male announcer ] let's say you need to take care of legal matters.
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here's the chart, what happens? well they beat analyst estimates so up about 13%. they beat the expectations by ten full pennies citing a 48% rise in sales as the driving force this quarter. here's the one year chart. just for the fun of it, let's do a three year for smith and wesson because it really bounced around for a couple of years and then it started to skyrocket. also helping, were strong sales with its newest military and police pistol, also steadily growing backlog of firearms. smith and wesson is up an impressive 219% over the last 52 weeks. that would be the one year chart. so it's been a very nice move there. a little choppy, but more than 1,000 percent so far this year. the stock is also hitting a five year high today. let's take a look at the 50 right now. we have a pretty mixed picture here, green versus blue. wells fargo, up 9 cents. the dow nasdaq and s&p all set
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to close out this week with gains. let's get to nicole petallides on the floor of the new york stock exchange and sandra smith at the cme. nicole? nicole: you just talked about smith and wesson, we have seen the firearm companies doing so well. how about another group, how about the automakers, right? guns are hot but so are the hot cars and trucks more importantly because pick up trucks have done particularly well in the latest report. let's take a look here, gm up 3 1/2%. ford motor up more than 2%. it is a great day for automakers on the heels of some great sales numbers that we have been seeing. also gm working very hard to bring jobs in house and now building up their i.t. center where they will be hiring software developers and database experts. and ford in the meantime has been revamping models to take on nissan. it's been showing up their next european line up this week. there's been a lot going on with these automakers. sales have been on the rise. hey the stocks are pretty nice today. back to you. liz: we like to see that, made in america, at least some of them here. let's get to sandra smith on the
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floor of the cme. we have already talked about gold, pretty impressive move here, but again at the expense of the u.s. dollar being so weak. sandra: that's right. that's definitely the trade that was put on today following the jobs report. that is that indicates a strong possibility of more easing by the fed. that would depress the dollar and that would send commodities up. take a look at the big commodity movers today. copper prices hitting 16 week high. silver prices have been quite on a run, at the highest price since april. wheat prices skyrockets. gold hitting six month high. rbob gasoline up for a second straight day. it continues to rally, even when crude doesn't, crude is actually down earlier today. it is now back up, but crude oil definitely one of the big movers today as well, up a full buck -- a full 1% gain on the session, so liz, gold was shining, but most other commodities were as well on the expectation that the dollar will weaken if we get another round of easing from the fed. liz: so glad you made that point. this is a weak dollar trade, not necessarily a roaring back
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economy from the brink kind of trade. important to note that. thanks both of you. we always like to ask the experts, what market indicators, what piece of data, what surveys do they like to watch to guide them in their investment decisions? money clues, if you will? well my next guest has an answer that could protect your portfolio from unexpected surprises. janet engles is back with rbc. what do you look at? >> we look at economic surprise index as one of the many different things we look at. it is basically measuring the difference between economic data and the expectations for that data. and what we specifically look for is inflection points or turns in that. for an example, back in january of 2012, the economic surprise index rolled over. it actually preceded a peak in equities in april of this year. and when you look at the economic surprise index right now, it bottomed in june, just
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about the same time that we saw bottoming in stock prices. i use it for a couple of things. helping to turn -- look for turns in the economy and the data, most specifically we look at it very short-term in saying this is just a soft patch, not the beginning of a concern of recession. liz: so it measures how strongly the data will deviate from expectation. when the data starts outperforming expectations, is that a time to jump in? >> yes, it is a time to consider jumping in. it would be one factor that we would consider that expectations have gotten so low that we are seeing a turn in perception. liz: what is it telling you now? >> what it is telling us now is since it bottomed in june and it's turned up and will probably cross over 0 or it has actually today, that quite frankly we think that stocks will continue to move up throughout the fall because we see the risk of recession as being very minor, sluggish and sloppy economic growth but not a risk of recession. liz: for a while though stocks
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were looking so cheap. you had p-e ratios of 8, 9, 10, now more like 12, 13, 17, can you pick a stock before we go to a commercial break and then we will get more from you that fits into your parameters? >> we like sap. companies in a competitive environment are incentiveized to buy equipment and software to improve their productivity. sap is an enterprise application software company. they are global. they are seeing increases in licensed revenues. they have delivered earnings growth from a spectacular perspective, consistent growth we're looking for 12 to 13 percent growth this year. next year and the multiple is below its ten year average. liz: up 33% over the past year. this is a company by the way we have covered extensively here. and they keep coming in with record earnings even during very tough economic times. janet is back with more names. coming up, more stocks specifically she thinks are very attractive right now. closing bell ringing in exactly 40 minutes. still down about 9 points for
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the dow, but you know what? some of the indices are still green. up next, we will show you a cosmetics company that says its success is due to selling more pricey, more expensive products. maybe it is time for a little portfolio facelift of your own or a little makeover. don't forget to tweet us. we are getting a whole bunch of tweets. guesses for the large u.s. city with the lowest unemployment rate. tweet us @ fbn countdown. we have been getting all kinds of suggestions, like honolulu, manchester, new hampshire, dallas, none of those are correct by the way. keep them coming. [ female announcer ] they can be enlightening.
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liz: fox business market check, beautiful day for shares of this company called ulta. the cosmetics and fragrance retailers fiscal second quarter earnings rose 46%. okay so they had a good quarter; right? while they did beat expectations, the beauty store products company says it benefitted from strong same-store sales by selling more luxury brand, expensive products. there's one of these in edgewater new jersey. you go in there, you get the hair straighteners and everything you want, the fancy nail polishes. >> that's right. i have curly red hair actually. liz: charlie has curly red hair in true life. [laughter] >> shares up 59% over the past year. 6% in today's trading alone. analysts say the retailers plan to expand both its lancome and
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clinique distribution. it's been nearly a year since mf global filed for bankruptcy. where has the time gone? >> you know what? it's an outrage no one has been charged. liz: jon corzine it looks like he will not be charged; correct? >> i'm not going to go there. just keep watching fox business. liz: what do you know? >> i can't give it all away now. we're going to tell you what today is about is about the cftc the commodities futures trading commission is the lead investigative agency on the civil side. doj brings criminal charges. but they are the lead investigative agency on the civil side which by the way is working hand and glove with the fbi and the department of justice in this case. so they are still investigating
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this. i have more stuff coming, but they are still investigating this. what we know is this, what sources are telling the fox business network is that the cftc is going to get a progress report -- is going to give -- the agency staff is going to give the commissioners a progress report next week on the status of this investigation. and much of it will be on the status of edith o breen -- edith o'brien, where she is, what she's doing. will she get immunity? she was at the center of the biggest part of this scandal, not just the implosion, but the missing customer money, 1.6 billion dollars gone, vanished when this thing went belly up. it is not supposed to happen. that money is supposed to be -- liz: she wanted immunity; right? >> they are going to find out where the doj -- the commissioners will be briefed on where the doj is on that immunity deal. from what we understand, as of right now, the fbi, doj has not given edith o'brien immunity. still weighing it. why are they dragging their
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heels on this thing? dragging their feet on this thing? there's a political angle here, a lot of people will tell you. representative, congressman from staten island a republican will tell you that he believes that this is basically to protect president obama. why is this? jon corzine, the head of mf global, former goldman sachs ceo, former new jersey governor, new jersey u.s. senator was also a major campaign bundler for the president. it would be very embarrassing even if -- forget about an indictment, suppose he got a civil charge before the -- liz: wouldn't it be equally as embarrassing to give her immunity if it turns out -- i'm not saying of course that this was the case that she really was the one who did the wrong thing, couldn't that be what's holding it back? >> yeah, i mean they don't want to go that far out, but you know there's a lot of evidence, either just what people are saying that he was kind of in the mix, you know, from what we understand -- liz: the ceo, how could he not be? >> well, he was known as -- [inaudible].
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that's the i didn't know anything defense he was trying to put out there. i'm up here. while he was at goldman, he was called fuzzy. he was the most absent minded ceo -- liz: oh okay. >> he's trying to say i'm up here and all these guys are doing the real work down here. if you look at the evidence that's come out, he's in the e-mail flow. the commissioners will be giving new e-mails to show how much he was in the flow. there is a degree of evidence that shows that he was in the information mix while this thing was going down. that's what they are weighing. i think they are dragging their heels to be honest with you over politics. i don't think they want to do something radical before the election. does that mean -- i mean we were the first to report this. the new york times has come out three times since, they believe they have a tough time showing a criminal case here. you know, whether that's because they really have a tough time or they have a political agenda here because remember all the investigative agencies, cftc run
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by gensler, guess who appointed him, president obama. sec run by mary shapiro, guess who appointed her? president obama. liz: she worked with reagan, though. >> oh, no. liz: oh, yes, yes. >> mary shapiro is not a reagan republican. liz: she worked under his sec and bush's too. >> she was appointed by president obama. that means a lot. who appoints the head of the department of justice? i'm telling you all these guys get appointed by obama. why would they want to charge his big wall street fund-raiser? it's not that far out there. i mean, you know, i'm not saying that mary shapiro is the worst person in the world but she would be essentially kicking her boss in the you know what, you know, two months before the election. kind of not the smart thing you want to do, generally.
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liz: charlie gasparino, thank you very much. closing bell ringing in 29 minutes. so we were asking this, what large u.s. city, 1 million plus in population has the lowest unemployment rate? really low? half of what we're seeing here in the u.s.? you've got a guess? >> dallas? liz: no, but other people guessed that. >> i love dallas, austin texas? liz: twitter us -- tweet us @ fbn countdown. other top cities, minneapolis, st. paul -- i think austin was number four or five. number one, posting a 4.8% unemployment rate. right now the national average is 8.1%. >> you couldn't pay me to hang out in minneapolis. liz: up next we will find out how the mayor of the mystery city is keeping unemployment so low. >> tampa.
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liz: it is not tampa. >> phoenix? liz: @ fbn countdown. >> phoenix? [ male announcer ] it's simple physics...
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>> i'm robert gray with your fox business brief. stocks continuing to drift between gains and losses following the u.s. economy added fewer than expected jobs in the month of august. the disappointing report is spurring some hopes the federal reserve will launch another round of economic stimulus. the dow nasdaq s&p 500 all very little change. well on-line real estate company
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expects shares of its planned initial public offering to fetch as much as 16 bucks a share. the company plans to sell 6 million shares which could raise as much as 96 million dollars. it plans to list its shares on the new york stock exchange under the ticker trla. and more than a third of all oil production in the gulf of mexico remains offline in the wake of hurricane isaac. that's according to the u.s. bureau of safety and environmental enforcement. as of today the bsee says there are still six production platforms and one rig that remain evacuated. oil and gas producers shut down production in the gulf in anticipation of that hurricane. now we continue our countdown to the closing bell with liz claman. liz: okay. we do have a couple of indexes to the upside, but the dow is still struggling, down 7 points. let's get to nicole on the floor of the new york stock exchange. nicole: i'm taking a look at amazon. i know we talk about it a lot. yesterday was the big kindle
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fire announcement, the new kindle fire. we're really looking at amazon because today once again a new all-time high for amazon. it's pushing that 260 mark. now you have the analysts jumping on lazard for example has $300 price target. all of this coming on heels of obviously they are in the tablet wars, trying to take on the ipad. they have been gaining market share with the kindle. and obviously they are working very hard with making it extremely competitive and cheaper as well. so as amazon gets more into the thick of it, competing with their kindle fire which has been very successful for them, this is the day where both apple and amazon are both hitting new highs. liz? liz: eight week battery life for that thing. it is unbelievable. it's a good story over at amazon. what about apple? well apple may be making a move into the music streaming business. there are reportedly plans to develop a service that would compete with the likes of pandora. clear channel's i-heart radio.
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dennis neal on who should be worried? >> can it really be the internet radio service pandora suddenly is worth almost 20% less today than it was just yesterday and all because of just one word, apple? pandora stock plummeting on a "wall street journal" report this morning that apple is in talks with music companies to get into pandora's business. but is the market overreacting? apple has abundant obstacles it must overcome here. any real move could be a year away. this earth shattering news just in, apple is infallible, despite a string of huge hits, apple has been known to flop. take a look at this, apple sold 26 million iphones in just the second quarter right? it sold 17 million ipads. but an apple tv, 1.3 million units sold in the second quarter? by apple standards that's a failure. there was an itunes phone that i have never heard of that apparently now is instinct.
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apple has high hurdles to clear to get into internet radio. in fact, that same -- experts had hoped apple's new tv effort would come out in the fall. latest reports though are that apple may have to wait until well into next year because its negotiations with hollywood getting kind of snagged. the hollywood guys saw what happened to the music guys. liz: the cable guys are not interested right now. thank you dennis neal. >> all right. liz: before the break, we showed you some of the largest cities with the lowest unemployment rate, but who takes the top spot? here's number five, austin texas with 6.4% unemployment. boston, number four with 6.1%. then you have minneapolis, number three with 5.9%. number two, okay i say it is because of all the lobbyists who
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are making so much money, washington, d.c. 5.6%. finally hold it, wait for it, the best employment rate, 4.8%, oklahoma city, oklahoma. so guess what? live from washington, d.c. in a fox business network exclusive is the mayor of oklahoma city. a big smile there. we were laughing we said you know your peers are both amazed and totally jealous. how are you doing it in oklahoma city? >> well, ironically i think our citizens would rather be number one in college football, but we have been number one on the jobs front for six months now and pretty much the last three or four years. we've invested heavily in our infrastructure. we've invested in the market sectors like aviation, biomedical field. our tourism numbers are going through the roof. of course the energy sector is our strongest part of the economy, and it's going well too. liz: we will get to the private sector piece of this in just a minute. but you said we've invested
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heavily. we is the government. you are a republican but you have figured out a way to spend city money to really make it pay off; right? i'm sure there is some pushback from people who say stop the government spending, but how did you figure out a way to make it pay off with such a good unemployment rate and of course job creation? >> i'm in my third term and the sales tax rate and property tax rate are the same when i entered into office. we spent a billion dollars on our own infrastructure on quality of life amenities, able to attract those highly educated 20 somethings that are looking for places to live. that's fuelling the economy. the job creators the entrepreneurs, the kaufman foundation said we're the most entrepreneurial city in the country with most start ups per capita. the census bureau shows that you have more people moving from california to oklahoma than vice versa. and more people from texas moving to oklahoma city than have ever been coming north before. we're in a boom time economy. liz: all the ideas on twitter were cities in texas. but you bested them definitely.
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looking at the private sector -- sector part of it, chesapeake and others. you know, the universities, oklahoma university, oklahoma state and you of course are a graduate, a sooner. >> i am. we have 120,000 college students that live in our metro area, and i think most of those cities that appeared on your numbers with showing that the best job markets do have strong presentations of college students. by the way, an hour ago i got a call from my city manager, he said, our monthly sales tax check came in. it is the largest in city history. it is 16% ahead of a year ago numbers. that's pretty amazing times. liz: there's a case of taxes actually working in effect with the city. is that tourism? is that a stronger consumer? can you guess that one, mayor? >> well, i think consumer confidence is a big part of it because when people see construction scene there's construction taking -- and there's construction taking
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place all over oklahoma city, they see that people are investing in the future of the city, whether it's public sector or private sector so consumer confidence is very high in oklahoma city. i think that's part of it. liz: last time you and i spoke during the nba lockout, that turned out wonderfully, congratulations. >> thank you, we're very proud of the team and anxious for this season to start. we think we're going to go all the way this year. liz: shibani joshi one of our anchors is from oklahoma, boy was she excited. go thunder. and thank you very much mayor. congratulations. a good example to follow for everybody else. >> always good to be with you. >> mayor of oklahoma city. the closing bell ringing in exactly 15 minutes. just a few minutes away from closing out the first trading week of september. up next, we're going to find out the best and the worst performers for the week. the best s&p stock this week, happens to be a mining company. we will tell you which one coming up next. we have big dreams.
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liz: it's time for the list. janet engel's list, rbc wealth management private client research director. she's picking some stocks here. let's put them up on the screen. among them you have names like jack in the box. you tell me which ones you really like that you feel should be in a portfolio right now. >> right now the first pick would be allied nevada corp. it is -- can we talk global easing? as we have talked about on your show earlier today, gold has been through the roof. goldmining stocks in general have lagged the movement in the actual metal. there is potential.
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this is a domestic based nevada based company. a great management team. the potential to increase their production, it's a momentum play within the goldmining space. liz: not as expensive as it had been, down about 21% year to date. let's get to jack in the box. >> 2200 jack in the box stores. this is just a solid execution story within fast-food. $2 in earnings potential. this is a company that has superior return on investment. superior free cash flow. relative to their competitors, they have the ability to improve the speed of delivery. and that should improve their margins and the valuation is attractive. liz: i always like to point this out, about 6% of the float is being shorted. this is a stock that's up already 36% year over year. >> has further to go. fiber optics, they have had a disappointing quarter, lowered guidance, for us it is not a
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question of if, it is a question of when for ciena. we see upgrade cycle in fiber optics. ciena would be a key player. there's limited down side risk. they execute well. still seeing good orders. they have a good order book. they have the right products. this upgrade cycle will come. it is a matter of time. liz: folks the markets have been up double digit percentages and over the past eight months janet has been here giving stock names that have done very well. thank you very much. >> my pleasure. liz: we always like to do well for our viewers by people like you. now let's get to sandra smith. sandra: the biggest winner for the week was silver. it happened to be the best performer today. for the week silver prices going up 7%. gold did well, but silver did better. also by the way remember silver was the best performing commodity in august, and so far this year it is up about 20%. this is definitely a play on if there's more stimulus, weaker dollar, people are buying those precious metals and they see
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silver as cheaper than gold right now. natural gas, your worst performer on the week and worst performer on the day. there was halt in nat gas trading earlier in the session. it resumed trading late this morning. it was the worst performer on the day and on the week. going down 4% over the five-day period. all those air conditioners, liz, they are getting turned off as the weather sort of improves. and also there's just plentiful supply of this stuff so the price is going back down. back to you. liz: it is supposed to be 80 degrees tomorrow in new york city so mine is staying on. thank you, sandra. the s&p 500 up 5 points. the dow just turned slightly positive, but we have been there before, it's crossed the flat line 80 times today. let's check out the winners and losers on the s&p 500. we have amd, advanced micro devices, worst performing stock this week.
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alta natural resources takes the lead up about 16% for the winners. followed by gamestop, morgan stanley, owens illinois and apollo group. the closing bell just about 6 1/2 minutes away. be sure to follow me on twitter. i'm @ liz claman. when we come back,ly tell you -- i will tell you which company's stock is up double digits after its cancer drug showed very promising results. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work.
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test back and look at this, the stock is jumping significantly. please keep in mind that the market cap is very small here, but jumping 46% because the new trial show that the survival rate of this lung cancer drug was double what was expected. year to date this stock is up 333%. at one point today, while it is right now up 45%. at one point it was up 62% for peregrine pharmaceuticals. let's hope it is a solution for people struggling from lung cancer. up about 4 points for the dow. about 85 times we have crossed the flat line. how is this one going to end? i think the nasdaq is still lagging but david asman take us for after the bell. david: pandora is having a time today. pandora realized that apple may try to hone in on its territory. when you have apple taking in on you, you don't know what's going to happen. we will talk about that later. liz: let's get to nicole
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petallides. on this friday it is an exciting move here. drilling down on green mountain coffee, brewing up big gains today. nicole: they are just starting out with a whole other brand. you had some analysts coming out with buy ratings and talking positively. saw it jump 13% today. david: let's talk about gold. i know we don't usually get into commodities straight away here, but the take off of gold on the news of what's happening many europe with central banks that the fed based on today's jobs numbers more likely to print more money. how are investors betting on gold today? nicole: they are absolutely loving gold. you see gold at six month highs. you have the stock market, the equities moving higher, freeport mcmoran to name a few. those names are doing so well today. we're hitting multiyear highs for these indices. liz: from goldminers to coal miners. coal is skyrocketing today on news of

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